Banco Santander S.A. Sells 708,014 Shares of Ferrovial SE (NASDAQ:FER)

Key Points

• Banco Santander S.A. has reduced its stake in Ferrovial SE by 9.6%, now holding approximately 6.7 million shares, which constitutes 3.3% of its portfolio.
• Ferrovial recently declared a new dividend of $0.3029 per share, an increase from its previous dividend of $0.04.
• Despite various ratings changes from brokerages, including upgrades by BNP Paribas, the average analyst rating for Ferrovial remains a "Hold".

Banco Santander S.A. decreased its holdings in Ferrovial SE (NASDAQ:FER - Free Report) by 9.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,675,188 shares of the company's stock after selling 708,014 shares during the quarter. Ferrovial comprises about 3.3% of Banco Santander S.A.'s portfolio, making the stock its 2nd biggest position. Banco Santander S.A. owned approximately 0.90% of Ferrovial worth $299,849,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FER. BNP Paribas Financial Markets acquired a new stake in shares of Ferrovial in the fourth quarter valued at approximately $25,000. Banque Cantonale Vaudoise acquired a new stake in shares of Ferrovial during the first quarter valued at about $150,000. Tower Research Capital LLC TRC purchased a new stake in shares of Ferrovial in the 4th quarter valued at approximately $158,000. Clearbridge Investments LLC acquired a new position in shares of Ferrovial in the 4th quarter worth approximately $204,000. Finally, Jane Street Group LLC purchased a new position in shares of Ferrovial during the 4th quarter worth approximately $228,000. 22.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. BNP Paribas Exane raised shares of Ferrovial from an "underperform" rating to a "neutral" rating in a research report on Tuesday, June 24th. Wall Street Zen downgraded shares of Ferrovial from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. BNP Paribas upgraded Ferrovial from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 24th. Finally, Morgan Stanley reissued an "overweight" rating on shares of Ferrovial in a research note on Wednesday, June 25th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, Ferrovial presently has an average rating of "Hold".

Ferrovial Trading Up 0.4%

Ferrovial stock traded up $0.19 during mid-day trading on Wednesday, reaching $52.10. The company had a trading volume of 242,828 shares, compared to its average volume of 127,739. Ferrovial SE has a 1 year low of $37.93 and a 1 year high of $56.43. The stock's 50-day simple moving average is $52.09 and its 200-day simple moving average is $47.87.

Ferrovial Increases Dividend

The company also recently announced a -- dividend, which was paid on Wednesday, June 25th. Investors of record on Friday, May 23rd were given a dividend of $0.3029 per share. This is an increase from Ferrovial's previous -- dividend of $0.04. The ex-dividend date was Friday, May 23rd.

Ferrovial Profile

Ferrovial SE, together with its subsidiaries, engages in the design, construction, financing, operation, and maintenance of transport infrastructure and urban services internationally. It operates through four segments: Construction, Toll Roads, Airports, and Energy Infrastructures and Mobility. The company designs and executes various public and private works, including the construction of public infrastructure; and develops, finances, and operates toll roads.